Topic: Public Sector Banks
Vision India@2047
The Government of India is to finalize the 2047 plan by May 2022. The plan is being framed by a Sectoral Group of Secretaries. That is, the sectaries...
Public Sector Banks announce new loans
Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic. What are those announcements? PSBs would provide...
PM SVANidhi Scheme: 1.6% loans from private sector
The Ministry of Housing and Urban Affairs recently announced that over twenty lakh street vendors have been provided loans under the PM SVANidhi scheme till March 29, 2021....
Doorstep Banking Services launched by Public Sector Banks
Finance Minister Nirmala Sitharaman launched the doorstep banking services for public sector banks. This will facilitate the users a hassle-free and convenient banking service. The services provided by...
Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs
As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit...
GeM partners with UCO Bank and Bank of Maharashtra
The Government e-Marketplace(GeM) has signed two Memorandum of Understanding(MoUs) with the public sector banks, Bank of Maharashtra and UCO bank on Monday, 16th December 2019. Under the MoU,...
Cabinet approves Partial Credit Guarantee Scheme
Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing...
PSBs disbursed Rs 4.91 lakh crore under the Customer Outreach Initiative in October and November 2019
In September 2019, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, announced the launched the Customer Outreach Initiative by the Public Sector Banks (PSBs) of India....
GDP at 4.5% in Second Quarter(July-September), Lowest in 25 Quarters
The Gross Domestic Product(GDP) of India has now been declining for five straight quarters in a row, falling by 0.5 percent from the first quarter of 2019-20 to...
